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Segment information (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment information |
Schedule of segment reporting information, by segment |
|  | Year Ended December 31, 2019
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue |  | $ | 26,456,022 |  | $ | 26,986,108 |  | $ | 1,759,446 |  | $ | 13,592,075 |  | $ | 68,793,651
Cost of revenue |  |  | 11,611,165 |  |  | 18,606,805 |  |  | 1,215,193 |  |  | 9,086,140 |  |  | 40,519,303
Gross profit |  |  | 14,844,857 |  |  | 8,379,303 |  |  | 544,253 |  |  | 4,505,935 |  |  | 28,274,348
General and administrative expenses |  |  | 13,422,821 |  |  | 1,238,296 |  |  | 2,740,219 |  |  | 1,947,622 |  |  | 19,348,958
Gain on asset dispositions and impairments, net |  |  | 398,041 |  |  | 47,000 |  |  | — |  |  | — |  |  | 445,041
Income (loss) from operations |  | $ | 1,820,077 |  | $ | 7,188,007 |  | $ | (2,195,966) |  | $ | 2,558,313 |  |  | 9,370,431
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 801,091
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,171,522
Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 66,621
Net income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,104,901
Income from continuing operations attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,549,978
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,554,923
Net income from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,621,170
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 12,176,093
Depreciation and amortization expenses for the year ended December 31, 2019 for the retail, bulk, services and manufacturing segments were $2,364,994, $3,795,320, $125,306 and $922,027, respectively.
|  | As of December 31, 2019
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net |  | $ | 2,891,165 |  | $ | 18,883,493 |  | $ | 954,149 |  | $ | 500,882 |  | $ | 23,229,689
Property, plant and equipment, net |  | $ | 29,177,718 |  | $ | 30,281,647 |  | $ | 168,585 |  | $ | 1,621,029 |  | $ | 61,248,979
Construction in progress |  | $ | 396,214 |  | $ | 869,792 |  | $ | — |  | $ | 69,591 |  | $ | 1,335,597
Intangibles, net |  | $ | — |  | $ | — |  | $ | 3,877,222 |  | $ | 1,162,778 |  | $ | 5,040,000
Goodwill |  | $ | 1,170,511 |  | $ | 1,948,875 |  | $ | 5,320,416 |  | $ | 4,885,211 |  | $ | 13,325,013
Land and rights of way held for development |  | $ | — |  | $ | — |  | $ | 24,162,523 |  | $ | — |  | $ | 24,162,523
Total segment assets |  | $ | 65,554,640 |  | $ | 69,423,770 |  | $ | 42,459,177 |  | $ | 14,854,557 |  | $ | 192,292,144
|  | Year Ended December 31, 2018
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue |  | $ | 25,621,048 |  | $ | 31,031,287 |  | $ | 1,811,372 |  | $ | 7,256,150 |  | $ | 65,719,857
Cost of revenue |  |  | 11,011,456 |  |  | 21,551,383 |  |  | 1,503,034 |  |  | 4,911,697 |  |  | 38,977,570
Gross profit |  |  | 14,609,592 |  |  | 9,479,904 |  |  | 308,338 |  |  | 2,344,453 |  |  | 26,742,287
General and administrative expenses |  |  | 12,029,646 |  |  | 1,301,042 |  |  | 2,889,703 |  |  | 2,489,028 |  |  | 18,709,419
(Loss) on asset dispositions and impairments, net |  |  | (12,263) |  |  | — |  |  | (41,180) |  |  | (3,331) |  |  | (56,774)
Income (loss) from operations |  | $ | 2,567,683 |  | $ | 8,178,862 |  | $ | (2,622,545) |  | $ | (147,906) |  |  | 7,976,094
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,740,064
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,716,158
Benefit from income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (157,291)
Net income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,873,449
Income from continuing operations attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 695,787
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,177,662
Net income from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,115,825
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 11,293,487
Depreciation and amortization expenses for the year ended December 31, 2018 for the retail, bulk, services and manufacturing segments were $2,019,462, $3,387,592, $28,386 and $1,598,794, respectively.
|  | As of December 31, 2018
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net |  | $ | 2,947,193 |  | $ | 18,480,589 |  | $ | 46,960 |  | $ | 987,475 |  | $ | 22,462,217
Property, plant and equipment, net |  | $ | 24,435,501 |  | $ | 32,820,908 |  | $ | 14,772 |  | $ | 1,609,637 |  | $ | 58,880,818
Construction in progress |  | $ | 5,437,093 |  | $ | 574,659 |  | $ | 3,291 |  | $ | — |  | $ | 6,015,043
Intangibles, net |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,891,667 |  | $ | 1,891,667
Goodwill |  | $ | 1,170,511 |  | $ | 1,948,875 |  | $ | — |  | $ | 4,885,211 |  | $ | 8,004,597
Land and rights of way held for development |  | $ | — |  | $ | — |  | $ | 24,161,024 |  | $ | — |  | $ | 24,161,024
Total segment assets |  | $ | 61,210,879 |  | $ | 67,740,088 |  | $ | 27,406,983 |  | $ | 12,254,121 |  | $ | 168,612,071
Assets of discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,903,527
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 172,515,598
Schedule of revenues earned by major geographic region |
|  | Year ended December 31,
|  | 2019 |  | 2018
Cayman Islands |  | $ | 30,327,139 |  | $ | 34,623,925
Bahamas |  |  | 23,114,860 |  |  | 23,241,361
Indonesia |  |  | 131 |  |  | 153,233
United States |  |  | 14,968,868 |  |  | 7,256,150
Revenues earned from management services agreement with OC-BVI |  |  | 382,653 |  |  | 445,188
|  | $ | 68,793,651 |  | $ | 65,719,857
Revenues earned from major customers were:
|  | Year ended December 31, |
|  | 2019 |  | 2018 |
Revenue earned from the Water and Sewerage Corporation ("WSC") |  | $ | 22,877,741 |  | $ | 22,956,878 |
Percentage of consolidated revenue earned from the WSC |  |  | 33 | % |  | 35 | %
Revenue earned from the Water Authority - Cayman ("WAC") |  | $ | 3,871,248 |  | $ | 7,789,926 |
Percentage of consolidated revenue earned from the WAC |  |  | 6 | % |  | 12 | %
Revenue earned from one manufacturing segment customer |  | $ | 9,238,476 |  | $ | 5,008,473 |
Percentage of consolidated revenue earned from the one manufacturing segment customer |  |  | 13 | % |  | 8 | %
Schedule of long-lived assets by geographic areas |
|  | December 31,
|  | 2019 |  | 2018
Cayman Islands |  | $ | 29,059,294 |  | $ | 24,340,063
The Bahamas |  |  | 30,245,741 |  |  | 32,738,531
United States |  |  | 1,933,717 |  |  | 1,787,450
All other countries |  |  | 10,227 |  |  | 14,774
|  | $ | 61,248,979 |  | $ | 58,880,818

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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